Torrent Power secures credit ratings of AA+ from India Ratings and CRISIL for debentures

Torrent Power Ltd announced that India Ratings and Research has assigned a rating of IND AA+/Stable to its proposed Non-Convertible Debentures amounting to Rs 2500 Crore, reaffirmed the rating of IND AA+/Stable for its existing Non-Convertible Debentures totaling Rs 7700 Crore, reaffirmed IND A1+ for its Short-term Commercial Paper, and reaffirmed IND AAA with a stable outlook for its Bank Loan of Rs 500 Crore; CRISIL has assigned a rating of CRISIL AA+/Stable to the proposed Non-Convertible Debentures of Rs 2500 Crore, reaffirmed CRISIL AA+/Stable for Bank Loan facilities and Non-Convertible Debentures aggregating Rs 8735 Crore, reaffirmed CRISIL A1+ for its Short-term facilities, and affirmed NCDs with IND AA+/Stable valid until October 23, 2026; CARE Ratings has a rating of CARE A1+ for Working Capital of Rs 300 Crore, while India Ratings has affirmed IND AA+ for NCDs and IND A1+ for Commercial Paper, with limited additional information available regarding other ratings.